Elon Musk made history when shares for his rocket company, SpaceX, blasted off in its initial public offering on Friday, making him the world’s first trillionaire and sending livid Democrats into orbit.
Shares in the company achieved launch trajectory after hitting the market on the Nasdaq, rising by more than 19 percent as investors rushed to get in on the action, opening at $150 a share and climbing to around $176 before finishing at $161 a share. It was a banner day for Musk and SpaceX, which now has a market value of $2.1 trillion.
It was the largest IPO ever.
— Elon Musk (@elonmusk) June 13, 2026
As if Democrats didn’t already despise the former Department of Government Efficiency (DOGE) boss enough, his historic feat of becoming a trillionaire infused their hatred with rocket fuel, and they raged against him on social media.
Sen. Elizabeth Warren (D-Mass.) led her fellow leftist lawmakers down the warpath with “Pocahontas” raging in a video posted to X.
“Elon Musk just became the world’s first trillionaire. This needs to be a wake up call,” she cried.
Elon Musk just became the world’s first trillionaire. This needs to be a wake up call. pic.twitter.com/H3w4OxA91U
— Elizabeth Warren (@ewarren) June 12, 2026
The fake Injun also used the opportunity to reiterate her call for a wealth tax.
Elon Musk just became the world’s first trillionaire.
The typical American household would have to work more than 11 MILLION years to make Elon Musk’s level of wealth.
We need a wealth tax.
— Elizabeth Warren (@SenWarren) June 12, 2026
New York City Mayor Zohran Mamdani echoed Warren’s call to soak the wealthy, a theme of his campaign.
Reason #1,000,000,000,000 why we should tax the rich. https://t.co/ELgIUwwXns
— Mayor Zohran Kwame Mamdani (@NYCMayor) June 12, 2026
Not to be outdone, avowed socialist Sen. Bernie Sanders (I-Vt.) issued a statement huffing that “our democracy” is being imperiled by Musk becoming a trillionaire.
— Bernie Sanders (@BernieSanders) June 12, 2026
“Our democracy cannot survive when one man, who contributed $290 million to get Trump elected, becomes $700 billion richer since Trump’s election,” he fumed, adding, “This is not just about wealth. It’s about power. Musk and his fellow oligarchs want it ALL.”
Comrade Bernie’s fellow “oligarchy” fighter, Rep. Alexandria Ocasio-Cortez (D-NY), also went off in a typically dumb take in which she brought up inhalers, which have nothing to do with the proverbial price of rice in China.
But taxing wealth so normal people can afford to see a doctor and not go bankrupt over inhalers is radical left. OK https://t.co/ajaujDXEau
— Alexandria Ocasio-Cortez (@AOC) June 12, 2026
The Democratic Party’s 2028 front-runner, Gavin Newsom, also got in on the action, previewing his White House campaign.
Americans are struggling to pay for groceries and gas while Elon Musk becomes a TRILLIONAIRE.
When the federal government is for sale, the rich get richer and everyone else gets shafted.
The system is rigged.
— Gavin Newsom (@GavinNewsom) June 12, 2026
More squawking from the socialists.
My thoughts on Elon Musk becoming the world’s first trillionaire. pic.twitter.com/lXoWrWseu2
— Rep. Pramila Jayapal (@RepJayapal) June 12, 2026
Musk is worth more than South Africa’s GDP. @BernieSanders and I proposed a 5% tax on people like him.
In one year, it could fund:
– free public college & trade school
-$10/day childcare
– Special-needs education nationwideWealth inequality is the moral failure of our time. https://t.co/gQ07Z8xn7U
— Ro Khanna (@RoKhanna) June 12, 2026
Elon Musk just became the world’s first trillionaire.
Let’s make sure he’s also the last.
— Graham Platner for Senate (@grahamformaine) June 12, 2026
On the other hand, the IPO just made SpaceX employees very wealthy.
Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren’t VCs. They’re SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce… pic.twitter.com/tc2LuK7Gd7
— Shruti (@heyshrutimishra) June 12, 2026
According to The New York Times, the IPO could turn 4,400 SpaceX employees into millionaires.
